CA Inter Auditing and Ethics study plan

Distinguish audit, review, other assurance and related-services engagements by applying the definitions and preconditions in SA 200 and the ICAI Framework, and state where the auditor's objective stops.

Map each fundamental principle of the ICAI Code of Ethics to concrete engagement situations and classify the threats (self-interest, self-review, advocacy, familiarity, intimidation) in at least ten short fact patterns.

Apply the independence rules to scenarios on non-audit services, fee dependence, long association and gifts, citing the specific sections of the Code and the prohibitions in Section 144 of the Companies Act 2013.

Draft an engagement letter that satisfies SA 210, covering scope, the respective responsibilities of auditor and management, the form of report and fee and billing arrangements, and list the circumstances in which a new engagement should be declined.

Map each financial statement assertion to at least two appropriate audit procedures and explain why inspection, observation, confirmation, recalculation, re-performance, analytical procedures and inquiry rank differently in reliability under SA 500.

Design external confirmation requests for trade receivables and bank balances, then evaluate positive and negative confirmation results, non-responses and exceptions following SA 505.

Determine sample size and evaluate the deviations and misstatements found using SA 530, and compute overall materiality, performance materiality and the clearly trivial threshold under SA 320 for a supplied trial balance.

Assemble a compliant audit file under SA 230, stating the 60-day assembly deadline from the date of the auditor's report, the treatment of changes made after that date, and the documentation required for significant judgements and departures from requirements.

Perform a risk assessment for a hypothetical manufacturing company under SA 315 (Revised) by documenting the understanding of the entity and its IT environment and identifying risks at the financial statement and assertion level, including significant risks.

Evaluate identified control deficiencies for severity and draft management letter points with the 'condition, criteria, cause, effect, recommendation' structure required by SA 265.

Design substantive procedures for inventory counting and valuation, receivables, property plant and equipment, revenue and provisions, applying SA 501 and SA 540 to the areas they govern.

Build a revenue cut-off test that selects transactions around year end, verifies dispatch and acceptance evidence, and documents the conclusion on whether revenue was recognised in the correct period.

Form an opinion using the SA 700 structure and decide, for supplied fact patterns, whether the opinion should be unmodified, qualified, adverse or a disclaimer under SA 705.

Draft the basis for opinion, going concern and Key Audit Matters sections so that they comply with SA 700, SA 701 and SA 706 without duplication or contradiction.

Evaluate the effect of comparatives, restated figures and a change in accounting policy on the auditor's report under SA 710, and read other information for material inconsistency under SA 720.

Identify the additional reporting requirements for a Companies Act 2013 audit, including the matters in Section 143(3), CARO 2020 and the statement on internal financial controls.

Draft an audit strategy and a detailed audit plan under SA 300, allocating hours to significant risk areas and setting the timing of procedures and the direction and supervision arrangements under SA 220.

Design year-end completion procedures for subsequent events under SA 560 and for the going concern assessment under SA 570, including the indicators, the adequacy of disclosures and the reporting consequences.

Evaluate uncorrected misstatements under SA 450 and document the effect of the aggregate on the opinion and on the financial statements as a whole.

Obtain and evaluate written representations under SA 580 and complete a final analytical review under SA 520 that corroborates the conclusions reached.

Classify advances into standard, sub-standard, doubtful and loss assets using the 90-day income recognition and asset classification norms, and compute the provision for each category.

Explain the audit approach to bank advances, including the audit of income recognition, restructured accounts, and the purpose and content of the Long Form Audit Report.

Compare audit considerations across a co-operative society, an NBFC, a charitable trust and a branch, focusing on the applicable law, the appointment process and the reporting format.

Draft the significant audit observations on a non-performing advance, covering the valuation of security, the provisioning adequacy and the disclosure requirement.

Re-solve the previously missed questions in the four 12% domains and log every recurring error with its cause.

Prepare one-page condensed revision notes linking each Standard on Auditing to its trigger phrase and its report consequence.

Attempt a timed 100-mark mixed paper under exam conditions and mark it against the suggested answers.

Attempt two full-length mock papers of 3 hours each under exam conditions and self-evaluate against the marking scheme.

Revise the lighter-weight domains (1, 2, 3, 6, 7, 9) using the condensed notes and re-test the weakest three sub-topics identified in week 7.

Recite the definitions, section references and report paragraph structures from memory and correct any gaps in them before the exam.